Introducing DAI Asset Management

November 04, 2024

MicroVest is coming under the umbrella of DAI’s asset management business and will be known as DAI Asset Management. The long-planned re-brand reflects the successful integration of MicroVest in the years since the two companies joined forces in 2021.

“We are delighted to formally align with DAI’s brand and its 50-year record of global development expertise,” said DAI Asset Management CEO Michael Apel. “As a wholly owned subsidiary of DAI, DAI Asset Management proudly brings our expertise in purposeful investing to our parent company’s broader mission of shaping a more livable world.”

“This is a natural next step for our business,” said DAI CEO Jim Boomgard. “We are looking forward to our asset management team’s continued growth and innovation through the development of new products and strategies to address critical social challenges, whether that be tackling climate change and biodiversity loss or finding new ways to drive economic dynamism in emerging economies.”

DAI Asset Management has specialized in allocating private debt capital to financial institutions and businesses in emerging markets. Skilled in designing and implementing high-impact thematic investment strategies, meeting unmet capital needs, and providing emerging markets exposure for investors, the company typically loans funds to responsible financial institutions that in turn extend finance to micro, small, and medium-sized enterprises in emerging markets—companies that make up the bulk of employment in those economies.

Over some 20 years, DAI Asset Management—a certified B-Corp—has invested in more than 60 countries, disbursing $1.7 billion to support financial inclusion.